EUR/USD continues the incredible breakout -- eyes the session high

Technical Analysis

Author: Adam Button | eurusd

EUR/USD with a classic breakout

EUR/USD with a classic breakout

The breakout in the euro has been incredible -- a 9-day rally.

The break of the 1.1000/20 range has led to non-stop buying and today has been the best day yet. The bears attempted to sell EUR/USD after the statement and again after Lagarde's press conference but now the pair is just a few pips away from the earlier high of 1.1362.

There isn't much now blocking a return to the March high of 1.1495.

More broadly, the dollar and yen are under some fresh pressure as risk trades tick a bit higher.

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